
South Africa harvested a record 17.7 million tonnes of corn in 2025/26, providing a supply buffer ahead of a potentially severe El Niño in 2026/27. The article also reports a large US harvest and substantial EU imports, while noting that South African farmers remain committed to planting, with some shifting toward more drought-resistant crops.
Abundant harvests in South Africa and the US add to available corn supplies and weigh on prices, though drought risk could tighten South African supply in the next season.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.